Nidec to Execute a Share Transfer Agreement on Linear Transfer Automation Inc. and its Two Related Companies, Canadian-based Press Room Equipment Manufacturer

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire the share of Linear Transfer Automation Inc., Linear Automation USA Inc., and Presstrader Limited, privately-owned Canadian companies (collectively the “Linear”), from its shareholders (the “Transaction of share”) on September 27, 2024 (Japan time). The Company executed an agreement on the Transaction of share on September 30, 2024 (Canada time). The Transaction of share will be executed on October 1, 2024 (Canada time).

Linear is based in Ontario, Canada, and is a company that engineers, manufactures, integrates andprovides services for in-line parts/material transfer and post-process automation equipment in the metal forming press room process. Linear’s main customers are major automobile manufacturers and Tier 1 and 2 suppliers, and Linear is supported by not only North American manufacturers but also major Japanese manufacturers for its technology, quality, and service. They also have strong ties with a wide range of other sectors in the North American market, including manufacturers of building materials and appliance.

Through our Nidec Press & Automation Businesses, we have expanded our press machine manufacturing, sales, and service business globally, as well as increased our lineup of presses and peripheral equipment products with M&As.
With the addition of Linear, we will be able to offer a wide range of products and services to our customers and pursue following synergies in terms of products, sales, and technology.
(1) As a comprehensive Press and Automation group, we are able to provide total system solutions by adding peripheral equipment for pre- and post-processing to the press machine itself and selling complete press lines to customers.
(2) Sales expansion will be possible by selling our presses and peripheral equipment to Linear’s customers, and also by selling Linear’s products to our customers.
(3) Linear’s products can be deployed to Europe and Asia markets utilizing Nidec’s global sales, service and manufacturing bases, which will enable shorter delivery times while also enabling us to improve the level of customer service in each region.

The transaction is expected to have no significant impact on the Company’s consolidated financial performance for this fiscal year ending March 31, 2025. If necessary, the Company will make additional disclosure on a timely basis in accordance with the rules of the Tokyo Stock Exchange upon determination of further details.